The NZD/USD pair trades with a mild negative bias near 0.6020 during the early Asian session on Friday.

The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Friday and stalls the previous day's recovery move from the lowest level since July 30.

US Dollar Index (DXY) declined marginally after the Federal Reserve's 25 basis point rate cut.

The Indian Rupee (INR) weakens on Friday. The local currency depreciated to record lows again in the previous session amid weak domestic equities and sustained foreign fund outflows.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday.

NZD/USD depreciates as the New Zealand Dollar (NZD) receives downward pressure from the concerns about Donald Trump’s proposals to raise tariffs on Chinese goods, given that New Zealand is a close trading partner to China.

EUR/USD trimmed its wick on Thursday, easing back below the 1.0800 handle after the Federal Reserve (Fed) delivered a widely-anticipated 25 bps rate trim.

Rupee hits record low against dollar due to weak equities, FII outflows, but dollar index correction offers some relief.

The US Dollar (USD) could rise above 7.2200; the next resistance at 7.2400 is unlikely to come into view.

The New Zealand Dollar (NZD) could drop to 0.5900 before the risk of a more sustained recovery increases.

Potential for the Australian Dollar (AUD) to decline to 0.6500; the likelihood of a sustained break below this level is not high, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

EUR/USD rebounds to near 1.0800 in North American trading hours on Thursday.

The Pound Sterling (GBP) could retest the 1.2835 low; for now, it does not appear to have enough momentum to break below 1.2800.

As long as 1.0800 is not breached, the Euro (EUR) could drop to 1.0665 before stabilisation can be expected.

Here is what you need to know on Thursday, November 7: The US Dollar (USD) outperformed its major rivals on Wednesday as markets reacted to Donald Trump winning the US presidential election.

The USD/CHF pair softens to near 0.8750 during the early European trading hours on Thursday.

RBI interventions keep USD/INR pair stable, while focus remains on U.S. Fed policy and officials' comments for momentum.

USD/CAD retreats from its all-time high of 1.3958, reached in the previous session.

The AUD/JPY cross extends its upside to near 102.05 on Thursday during the Asian trading hours.

Gold price (XAU/USD) faced challenges as the dollar-denominated precious metals struggled due to a stronger US Dollar (USD) following the victory of former President Donald Trump in the US election.

The Indian Rupee (INR) rebounds on Thursday. Nonetheless, the upside of the local currency might be limited amid a rally in the US Dollar (USD) and higher bond yields, which are bolstered by Donald Trump’s victory in the US presidential elections.

The AUD/USD pair plunged 1.25% to 0.6555 on Wednesday after Donald Trump's US presidential election victory sparked enthusiasm for the US Dollar.

The Canadian Dollar (CAD) snapped a recovery against the Greenback on Wednesday, slipping back into familiar multi-year low territory after markets piled back into the USD following the US presidential election, where presidential candidate Donald Trump is the clear frontrunner.

The Pound Sterling plunged over 1.20% against the US Dollar on Wednesday after former US President Donald Trump won the 2024 Presidential election.

The NZD/USD pair softens to around 0.5940 during the early Asian trading hours on Thursday.

Silver price slumped sharply on Wednesday after US President Donald Trump wins the 2024 presidential election.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, surged to a four-month high after former US President Donald Trump secured the necessary electoral votes to become the next US president.